Withdrawal of proposed rights issue of up to ₹1,600 lakhs

Atal Realtech has withdrawn its proposed rights issue of equity shares of face value ₹2 each, aggregating up to ₹1,600 lakhs, which the Board had approved on August 17, 2026.

Tue 6 Oct 2026

Issue Size Withdrawn

up to ₹1,600 lakhs

Face Value per Share

₹2 each

Board Withdrawal Date

Tuesday, October 06, 2026

What was proposed

• The company had shared a Draft Letter of Offer with BSE Limited and National Stock Exchange of India Limited for a proposed Rights Issue of equity shares.
• Face value of each equity share: ₹2.
• Size of the proposed issue: aggregating up to ₹1,600 lakhs.
• This was pursuant to the approval of the Board of Directors dated August 17, 2026.

What the Board decided

• At its meeting held on Tuesday, October 06, 2026, the Board decided to withdraw the Issue and not to proceed further with it.
• The reasons stated are prevailing unfavourable market conditions and certain business considerations.
• The company has requested the stock exchanges to take the withdrawal on record, treat the shared Draft Letter of Offer as withdrawn, and close the application made by the company in respect of the Issue.

Status of the Issue

• The Letter of Offer had not been issued.
• The Issue had not been opened.
• No Rights Entitlements had been issued or credited.
• No application monies had been received in connection with the Issue.
• The company states that accordingly no investor or shareholder is affected by this withdrawal.

What this means for a retail shareholder

• A rights issue is a way for a company to raise money from its existing shareholders. Here, the proposed fundraise was up to ₹1,600 lakhs. With this withdrawal, that plan does not go ahead in this form.
• Since the Issue had not opened and no application monies were received, no shareholder was required to apply or pay, and there is nothing to refund.
• A shareholder's existing holding is not changed by a decision to withdraw the proposed rights issue before it opens.

Summing up

The Board has withdrawn the proposed rights issue of equity shares of face value ₹2 each, aggregating up to ₹1,600 lakhs, before it opened, citing prevailing unfavourable market conditions and certain business considerations, and has asked the exchanges to close it on record.

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